With its business expanding amid a rising U.S. energy drink category, Monster Beverage Corporation projected confidence in its widening product portfolio during its annual investor meeting presentation yesterday.
Hensley Beverage Company president and CCO Andy McCain has been promoted to CEO of the beverage distributor, effective immediately. McCain has worked for Hensley — a 69-year-old independent Anheuser-Busch InBev wholesaler that covers Arizona and New Mexico — for more than 27 years, serving in several leadership roles over that time, including CFO. He was… Read more »
Danish multinational brewer Carlsberg has acquired a 20% stake in Mikkeller from New York-based private equity firm Orkila Capital, the Denmark-based craft brewery announced.
Another Heineken executive is moving over to the Lagunitas team. The Heineken-owned, Petaluma, California-based craft brewery announced today the appointment of Peter Green as head of sales. Green will officially take over the role on March 1.
New Jersey Gov. Phil Murphy signed into law a bill that will ease strict restrictions on the way craft breweries in the state can operate their taprooms.
After nearly nine months of an ugly public legal battle, Sean “Diddy” Combs and Diageo have settled disputes over allegations from the music mogul that the brands he collaborated with Diageo on— Cîroc Vodka and DeLeon Tequila— received worse treatment because of his race.
Constellation Brands overtook Molson Coors as the No. 2 beer category vendor by dollar sales in multi-outlet grocery and convenience stores (MULO+C) in 2023, according to market research firm Circana, which shared its year-end report. Constellation grew off-premise dollars by $1.092 billion to $8.446 billion through December 31.
Uber has decided to shut down Drizly just three years after acquiring the alcohol e-commerce delivery platform for $1.1 billion, Axios reported today.
The final Circana beer report for 2023 has arrived and it’s time to see how the category and its segments fared in scans, starting with a look at craft.
With the pandemic-induced rise of ready-to-drink cocktails and e-commerce, bev-alc federal agencies and state legislators have been catching up to an industry with increasingly blurred category lines and tiers. As 2024 revs up we chatted with bev-alc attorneys about what regulations have been hot topics amongst suppliers in the last year and what updates the industry is anxiously awaiting.
Welcome to Brewbound’s Inside Look at the Beer Business for the week that was … Saturday, January 13, 2024. Where I have good news for any pregnant readers who are looking to publicly shame their significant others on social media! #finally
Two Roads Brewing Company has elevated two executives on its sales and marketing teams: Collin Kennedy to VP of marketing and Brian Duprey to VP of national accounts.
A former server has filed a lawsuit against Artisanal Brewing Ventures (ABV) alleging the craft brewery platform violated federal and state labor laws by undercompensating tipped employees and requiring them to do untipped and unpaid tasks, according to a lawsuit filed Monday in the U.S. District Court for the Western District of North Carolina.
The December Consumer Price Index (CPI) for beer at home increased +1.9% year-over-year (YoY), with the category ending 2023 below overall inflation, according to the U.S. Bureau of Labor Statistics.
